How South Korea’s 2022 presidential election could reshape its US-China balancing act

South Korea has reaped rewards from its policy of strategic ambiguity towards the US-China rivalry, avoiding antagonising Beijing, its largest trading partner, while remaining Washington’s military ally. However, developments in domestic politics before next year’s presidential election could spell the end of this approach.On one hand, there is Lee Jun-seok, the Harvard-educated leader of the main opposition People Power Party (PPP), who clearly favours the US over China. Lee, 36, is too young…

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